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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: sea_biscuit who wrote (91285)2/5/2008 9:54:37 PM
From: John Vosilla  Read Replies (3) of 110194
 
'It should be compared to the purchasing power of the US dollar'

Maybe I'm being way too simplistic but to me gold is only a measure of whether we are in a period of disinflation or rising inflationary pressures.. What about when gold lost three fourths of it's value in between 1980-2001 on a nominal basis? Housing, stocks, bonds, most things you needed went up a lot during that time, the monetary base kept expanding at a decent clip and the dollar went through several up and down cycles as well.. Biggest conundrum this time is bond prices haven't gone down yet..
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